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| WIND POWER |
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Overview |
Our wind power division is engaged in the generation and sale of electricity from our wind farms.
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Operating Assets |
We operate nine wind farms in India with a total installed rated capacity of
210.4 MW as on March 31, 2009.
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Sogi & Jajikallgudda wind farm is located in Harpanahalli Taluk,
Bellary and Davangere District, Karnataka, having a installed
capacity of 102.5 MW. This wind Farm is located approximately
at 800 metres above sea level on hilly terrain |
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G R Halli & Jogimatti wind farm is located in Chitradurga District,
Karnataka having a installed capacity of a 41.0 MW. This Wind
Farm is located approximately 800 metres above sea level on
hilly terrain. |
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Harihar wind farm is located at Kundur, Davanagere Disrict, Kanataka
having a installed capacity of a 6.60 MW. This Wind Farm is
located approximately 650 meters above sea level on hilly
terrain. |
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Satara, wind farm is located in Satara District, Maharashtra having a
installed capacity of 1.5 MW. This Wind Farm is located
approximately 1142 metres above sea level on flat terrain. |
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Dhule, wind farm is located at Nandurbar District, Maharashtra with a installed capacity of 20 MW. This Wind Farm is located approximately 600 meters above sea level on flat terrain. |
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Surajabari
wind farm is located in Kutch district of Gujarat and is
located adjacent to Rann of Kutch having a installed capacity
of 30 MW This Wind Farm is located approximately 70 metres
above sea level on flat terrain.
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| On The Anvil |
However another 15.2 MW Hospet Project is expected to commission in Sept
09. We are also exploring other places to put up another 40-50
MW by Sept 2009.
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| Wind Power Sales |
All the power being generated from various wind farms is being fed into the respective state grids. We have signed the Power purchase Agreements with various State power utilities / distribution companies, who are making the payments as per the agreements.
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| Kyoto Protocol and Emission Trading Schemes |
On February 16, 2005, the Kyoto Protocol came into force in approximately 141 countries whereby the participants pledged to cut worldwide greenhouse gas emissions by 5.2% from 1990 levels by 2012. In order to help to accomplish this objective, the Kyoto Protocol includes three market-based methods that allow countries to earn or to buy credits outside their borders:
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Clean Development Mechanism (“CDM”): Contemplates credits being earned by investing in emission reduction projects in developing countries. |
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International Emissions Trading: Permits developed countries that have adopted a Kyoto target to buy and sell “Emission Reduction Units” (“ERUs”) amongst themselves.
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Joint Implementation: “Certified Emission Reduction” (“CER”) credits can be earned by investing in emission reduction projects in developed countries that have adopted a Kyoto Protocol target for reducing emissions. |
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| Carbon Credit Project |
“125MW Wind Power project in Karnataka, India” : We have registered one of the largest wind energy Project as CDM project. Our project of 125 MW Wind Power project in Karnataka, India has been registered with UNFCCC and CERs, for the first years generation is already been issued by UNFCCC for the period 04-05 & 05-06. Verification for the year 2006-07 is under progress.
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We have three more CDM projects in the pipe line at various level of completion and we are expecting their registration with UNFCCC by March – Sept 09.
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| “Green Energy to Grid at Dhule,Maharashtra “ This project is located at Dhule, Maharashatra with an installed capacity of 20MW. |
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| “Emission free Electricity Generation at Harihar,Karnataka”: This project is located at Harihar, Karnataka with an installed capacity of 6.6 MW. |
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| “30 MW Wind Power project of MSPL at Surajbari,Gujarat in India” This Project is located at Surajbari, Kutch District, Gujarat with an installed capacity of 30 MW. |
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| Further the company has already signed the contracts with various validators for getting VERs for the interim period of various projects from the date of commissioning to the date of registration for CDM. Hence, after verification, company will also get the VER revenue for the units generated from March 2006 to the date of registration with UNFCCC under VCS 2007 guidelines. |
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